Get email alerts on the Investments topic
No spam. Unsubscribe anytime.
Board keeps American Funds as target-date manager after review
Summary
The board reviewed a Target Date Manager Search comparing American Funds, BlackRock, T. Rowe Price and Vanguard and concluded American Funds remains the most appropriate incumbent; no change was authorized.
Fiduciary Consulting Group presented a Target Date Manager Search that compared allocations, fees, performance and other considerations among American Funds (the incumbent) and three potential replacements: BlackRock, T. Rowe Price and Vanguard. After reviewing the comparisons, the board concluded the incumbent provider remained the most appropriate option and took no action to replace it.
Board discussion noted the need to balance performance, fees and continuity; no formal motion to change managers was made.
AI generated
The text on this page is AI generated. Summaries, highlights, analysis, and video transcripts are all produced from the original source material.
AI can make mistakes, so if you spot one, and we will fix it for everyone.
Note: the source content is unaltered by us. Any content source we link to, be it a video, an audio recording, or a document, is presented exactly as its publisher released it. That publisher is usually a government body, sometimes an individual official or another organisation.
